Why is no one worried about this

[Bobrox]

Have been long time discussing about Mt Gox exchange market refund Bitcoin assets to their all member, but still not have exact date when refund distribution for their member. Have any issues about refund use Bitcoin and have drastically increase values with first cases happened, all member will sell their bitcoin assets if refund but I just asking when refund will sent to member of Mt Gox exchange. Long time issues on this month will sending but almost third of August weeks still not any confirmed for sending. I think not have to worry about Mt Gox refund bitcoin assets and they looks still make new drama for all their member with keep hidden when refund Bitcoin sending.

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[Dr.Osh]

If this really happens, then I feel there will be 3 possibilities

1. the possibility of bitcoin price will be fine, because it will only be distributed, not sold en masse. however, this may have a low probability of happening.
2. Next is, the price of bitcoin will dump, but not too far away. consider that some of them hold their assets, and some of them sell.
3. the dump price is very severe. this happens because these people have benefited a lot. considering that this is tantamount to them holding bitcoins from the moment they entered Mt Gox, and this is the greatest possibility.

We have to be prepared for what happens. however, I just hope, if this is true, they will still keep the assets they own. However, this led to the FUD being quite popular and causing some people to rush into selling their assets.

[BobK71]

What are we going to do about the 2 billion worth of BTC that Mt Gox plans to release very soon to the public, won't this make BTC crash heavily or the rumour is fake?.

The news of Mt Gox may have some effect on the current market but it is temporary. I personally not worried about it. Suppose the matter is true, but what is the problem? We all know the current circulating supply of BTC is 19,127,550, nothing new is being added here. So there is nothing to worry. Most crypto investors expect the market will recover shortly.

[Minecache]

I don't know if it's related, but maybe there is another reason that caused the bitcoin price to undergo a massive correction. If bitcoin giving is true, people shouldn't be in a rush to sell their bitcoins and just wait for the price to rise again before they sell it. That way, they will get a big profit because they get bitcoin and can sell it at the highest price.

If people want to buy bitcoin, they can now do so because the price of bitcoin is still holding it's low and while there is still a chance the price will drop lower, that is another opportunity to buy bitcoin.

It is true that no matter how bad the news is it will not be able to cause bitcoin to drop forever, bitcoin will fall, and it will rise again. There is nothing to panic about with this situation.
The price of bitcoin dropped from $69k to $17k and we have nothing to fear, so there's no reason why we should panic when bitcoin dropped from $25k to $21k. The lower the price, the more opportunities to accumulate, if you want to make a profit, you should buy it now.

[doomloop]

What are we going to do about the 2 billion worth of BTC that Mt Gox plans to release very soon to the public, won't this make BTC crash heavily or the rumour is fake?.

You are late with this already. We have a couple of threads like this last time and the op of those threads and the people that reply on it are all worried because they think it will make the price dumped harder. It wasn't just a rumor or a type of FUD because I can see that they have sources about the news. You are asking if what we are going to do about it?

Well, if you are one of those who will get a btc, then you better hodl it and don't sell if you don't want to add up to the potential seller. If not then all you can do is to calm down as panicking will only make you do unwanted things such as panic selling. This soon shall pass don't worry.

[fortunecrypto]

What are we going to do about the 2 billion worth of BTC that Mt Gox plans to release very soon to the public, won't this make BTC crash heavily or the rumour is fake?.

The news of Mt Gox may have some effect on the current market but it is temporary. I personally not worried about it. Suppose the matter is true, but what is the problem? We all know the current circulating supply of BTC is 19,127,550, nothing new is being added here. So there is nothing to worry. Most crypto investors expect the market will recover shortly.

Investors have seen the potential of Bitcoin many new investors have hoped that they can buy Bitcoin at a cheaper price than when they first bought it, if ever they will release it and the holders of those Bitcoin sell it, there's buying pressure from old and new investors the market can absorb it because there's demand and there will be more demand in the future, I don't see Bitcoin going down to $5000 buyers will be lucky to have it at $10k.

[dragonb]

It is anyway grad difficult times... what surprises me is that Bitcoin has lost sooo much value and inflation has also worked rather badly - although it was said that crypto would be good with inflation... or what do you think?

[samuraijin]

What are we going to do about the 2 billion worth of BTC that Mt Gox plans to release very soon to the public, won't this make BTC crash heavily or the rumour is fake?.

I still believe it will happen, but the big whale is waiting for the moment where it is ready to increase, actually from last year it will have touched the price of 1 billion, but it looks like something is holding it back, and it is very visible, that the news can also considered the truth..

[Yamifoud]

What are we going to do about the 2 billion worth of BTC that Mt Gox plans to release very soon to the public, won't this make BTC crash heavily or the rumour is fake?.

The news of Mt Gox may have some effect on the current market but it is temporary. I personally not worried about it. Suppose the matter is true, but what is the problem? We all know the current circulating supply of BTC is 19,127,550, nothing new is being added here. So there is nothing to worry. Most crypto investors expect the market will recover shortly.

Investors have seen the potential of Bitcoin many new investors have hoped that they can buy Bitcoin at a cheaper price than when they first bought it, if ever they will release it and the holders of those Bitcoin sell it, there's buying pressure from old and new investors the market can absorb it because there's demand and there will be more demand in the future, I don't see Bitcoin going down to $5000 buyers will be lucky to have it at $10k.

Maybe the drop will occur but I haven't thought this will take so long to recover. It can be easy to lift up as the buying demand will increase due to massive massive buying volume.  That is not worrying and never I think people will do panic selling but instead of buying more as the price is cheap.
Well, I think I need to prepare some backup reserved if this will happen.
I think OP you have to control your emotions and stop worrying about the market instead, you are going to be happy for that.

[so98nn]

Even if it was not a fake rumour, is the 2 billion worth of Bitcoins (approximately, 93,652 BTC at the moment which is 0.49% of the total circulating supply) going to be sold off at once?
If no, then why should we have to worry?
The market will absorb the shock.

Opens all the senses really after looking at the circulation of bitcoin and its fiat value that’s traded every single day! Definitely this won’t have any effect on the bitcoin however there will be effect of “FUD”, “FOMO” kinda things and nothing else.

However, there is another theory by various sources and some are saying it was planned dumping to cause the flipping of bitcoin and ethereum. In this case ETH would go up by 30% etc. This event is to overcome BTC by ETH.

Some have even theorized that a drawdown in Bitcoin’s price could align with the Ethereum merge, leading to “The Flippening” being realized. The Flippening is a hypothetical event where Ethereum overtakes Bitcoin in market cap, and it could happen if Bitcoin dropped to $10,000, with Ethereum rising by 30% from its current price.

Definitely it’s something on top of just selling mt Gox funds and liquidation of over 2.8 billion plus in dollars.


Reference: Will release of $3B Bitcoin from Mt Gox cause market bottom in August?

[virasisog]

crypto is full of surprises, no one knows which direction he is going, panic after panic has often happened,
if 2M worth of btc is sold at once, I think the price of btc will return to its original state, although in a long time but it will definitely return to 64K$, all will not worry and will continue to hold btc up to a certain target in my opinion

It will surely have a huge impact on the price of Bitcoin. A dump is possible but I don't think it's a reason enough for us to feel worried. We all know the capability of Bitcoin to resist events and occurrence like this. Bitcoin is strong enough to resist the possible dump and would definitely recover and rise up again.

[Ararbermas]

What are we going to do about the 2 billion worth of BTC that Mt Gox plans to release very soon to the public, won't this make BTC crash heavily or the rumour is fake?.

despite of the situation? I think that's impossible to happen because its a big lose from those who already bought and waiting for the market to become fine.. Imagine how the situation will gonna looks like and the reaction of some big investors if that rumours happen without knowing?.. That's scary and a crazy idea. And tbh ever since before i never seen someone dumped a huge amount of bitcoin despite of the current situation because such situation is the right time ti accumulate not to sell.

[Kalchef]

There are many waiting for buying opportunities and many will end up losing the chance they seek because its never coming, I am waiting for 10k per BTC so if those BTC got sold into the market I am 100% sure that it will be sucked up in just hours, it won't be noticeable.

[sana54210]

What are we going to do about the 2 billion worth of BTC that Mt Gox plans to release very soon to the public, won't this make BTC crash heavily or the rumour is fake?.

People think that 2 billion dollars worth of bitcoin would be all sent at the same time and all cashed out at the same time. What you need to realize is that we have billions of dollars worth of trading volume per day, so hundreds of millions of dollars gets sold all the time and that’s fine, meaning if we have just a situation where it's sold hundreds of millions of dollars, then it won't really crash it a lot.

I am not saying it won't go down, it could, but not as much as you think it would and that’s the point. I personally believe that the best thing to do would be making sure that we have some cash to buy more bitcoins if the price goes down too much.

[Sr.Urbanist]

What are we going to do about the 2 billion worth of BTC that Mt Gox plans to release very soon to the public, won't this make BTC crash heavily or the rumour is fake?.

I think they learned their lesson in 2017. They will likely sell to "accredited investors" through the OTC market.

[Jaered]

I don't think the price would bump like that. And i don't think the whole bitcoin would be released en-bloc like that. I think it would be paid out in percentages or aliquots. That way there would be price protection of bitcoin. Besides its a small percentage of the total bitcoin supply, so the liquidity would take care of that

[Chainsmokers]

I've seen on the telegram channel about MTGox, and the analysis he did could be right,
that every dump that occurs in bitcoin is due to bad news such as inflation, Covid, and maybe even MTGox,
I don't know, for sure there I saw him analyzing the dump to the the price of $10k, it's terrible,
but we also have to be prepared if it happens.

[|MINER|]

I don't think it will be as big a factor as Bitcoin crashing. Yes it may have some impact but it will be temporary I think. Last week Bitcoin saw a bit of a pump, but now it has dumped again.  I think the main reason behind this is China wanting to push Bitcoin away again. And there are a lot of rumors about Bitcoin so I don't think we need to worry too much about it.

[capedbaldy]

I don't think it will be as big a factor as Bitcoin crashing. Yes it may have some impact but it will be temporary I think. Last week Bitcoin saw a bit of a pump, but now it has dumped again.  I think the main reason behind this is China wanting to push Bitcoin away again. And there are a lot of rumors about Bitcoin so I don't think we need to worry too much about it.

We don't need to worry about FUD that have been shared by anyone even including countries that want to lower the price of Bitcoin, so far Bitcoin has missed various FUD from various side attacks but none of them have been able to bring down the price of Bitcoin with the lowest price, we just need time to recover and wait for future bullruns.

[Captain Corporate]

I guess there is absolutely nobody that ignored the current situation anyway, hence the price fall. I mean think about it, as soon as this news hit, we have seen the situation and that is the greatest thing ever. I know that not everyone thinks this way, but we have definitely seen the crash right afterwards so I do not think that its unrelated, it would be impossible for it to be unrelated. Whenever bitcoin starts to go up just a bit, there are news from all around the news and all from different reason that ends up crashing it. Which is why I have %100 trust that there are a lot of people who loves to see it fall.